Budget Cuts Lead to Extension of Service Lives of Military Aircraft

Amsterdam - Armed forces around the world are seeking upgrades to extend the service lives of existing aircraft fleets as defence budgets continue to come under intense pressure.

The latest defence report - The Military Aircraft Modernisation, Upgrade & Retrofit Market 2011-2021 - offers readers a comprehensive analytical overview of the global marketplace and reveals how to tap into significant business opportunities over the coming decade.

This new study calculations indicate that sales in the global military aircraft modernisation, upgrade and retrofit market total $12.43bn for 2011, encompassing government spending on airframe and powerplant (A&P), and avionics upgrades.

The report examines the commercial prospects for companies that are already involved in military aircraft modernisation, upgrade and retrofit programmes, as well as for those new market entrants that are looking to gain market share.

The analysis demonstrates that the global military aircraft modernisation, upgrade and retrofit market is a growing marketplace offering government contract opportunities that are likely to see a range of companies realising commercial success, from the major defence and security systems integrators to niche avionics specialists.

How is funding for military aircraft modernisation, upgrade and retrofit programmes likely to be affected by pressure on government budgets? Which major national marketplaces offer the most significant sales growth opportunities over the next decade? How are emerging military powers China and India influencing the market outlook?

This new study seeks to answer these critical questions and a host of others through the in-depth analyses presented within The Military Aircraft Modernisation, Upgrade & Retrofit Market 2011-2021.